Dubai H1 non-oil trade surges 16pc y/y

Dubai, September 11, 2013

Dubai's non-oil foreign trade jumped 16 per cent to Dh679 billion ($185 billion) in the first half of 2013, helped by rising trade volumes with India, China and the US, the emirate's government said on Tuesday.

Dubai, which accounts for around three-quarters of the UAE's non-oil trade, said its re-exports grew over13 per cent.

Analysts polled by Reuters in April expected the UAE to post a current account surplus of 7.3 per cent of gross domestic product in 2013 and 5 per cent in 2014.-Reuters